One of the hottest growth stories just got hotter.
Research In Motion
But it's the even brighter future that has the market in a frenzy.
Research In Motion bumped its second-quarter revenue forecast up $20 million to between $290 million and $310 million while raising its earnings expectation to $0.32 to $0.37 per share from its previous guidance of $0.24 to $0.29. That momentum is expected to accelerate in the third quarter, with the company earning $0.35 to $0.40 per share on sales of $340 million to $360 million.
As Chairman Jim Balsillie said in the earnings release, the company's "carrier partners are experiencing significant success in the market place and are further expanding sales and marketing efforts to capitalize on the growing interest in BlackBerry."
So Research In Motion's intriguing growth story continues. A big part of that is success in pushing the "CrackBerry" into international markets, helped by a growing list of business partners and clients such as PalmSource
The real question now is valuation, which -- given Research In Motion's explosive growth success -- doesn't even look all that scary. For more on this growth story, interested investors should check out:
- Research In Motion's Gamble, by Tom Taulli
- The CrackBerry Strikes Again, by Alyce Lomax
- Suing Research In Motion, by Ben McClure
- Hang on to Research In Motion, by Ben McClure
- RIM's BlackBerry is Ripe, by Jeff Hwang
How far can BlackBerry go? Share your thoughts on the Research In Motion discussion board.
Fool contributor Jeff Hwang owns none of the companies mentioned above.